IPART’s ideas would lead to 51pc rate rise
A BLACKTOWN Council report has revealed it would need to raise rates by as much as 51 per cent to meet IPART’s Fit for the Future financial guidelines.
The council was deemed “unfit” by IPART last month. It failed six of the seven financial guidelines with new revenue streams required to meet the criteria. The council would need to collect an extra $70 million from ratepayers to reach the benchmark.
Blacktown Mayor Stephen Bali said the criteria used by IPART was unfair and did not provide a clear reflection of Blacktown’s financial position.
“All of council’s Section 94 contribution income, which comes from development, was excluded from their assessment,” he said. “It is not a fair look at the health of Blacktown Council and we have rejected the claims of IPART that we are unfit.’’
NSW Premier Mike Baird said the Government would release the outcomes of the Fit for the Future process before the end of the year.
Blacktown was not considered for amalgamation.